Naturally Silicon Valley ranks first but three Canadian cites cracked the top 20 and two made the top 10. Toronto, Vancouver and Waterloo, are considered to be among the world’s top 20 ecosystems for startups,. This is according to the latest report from San Francisco-based Startup Genome and Spain’s Telefónica Digital.
The report, based on data compiled on more than 50,000 startups globally, ranked Vancouver in ninth.
There’s is no question that Vancouver has a great startup culture. What the city needs to do now is invest more in technology and creating the right business climate to make it go further.
World’s top 20 cities for startups:
1. Silicon Valley
2. Tel Aviv
3. Los Angeles
5. New York City
13. Sao Paulo